Amending Circular 38/2016-Cus on Guidelines for Provisional Assessment under Section 18 of the Customs Act 1962

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..... 29th September, 2020 To, All Chief Commissioners of Customs/Customs (Prev.) All Chief Commissioners of GST and Customs All Director Generals under CBIC Sir/Madam, Subject: Amending Circular 38/2016-Cus on Guidelines for Provisional Assessment under Section 18 of the Customs Act 1962- reg. Reference is drawn to Board s Circular no. 38/2016-Customs, dated 22.08.2016 which .....

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..... uly 2016 , as amended. 2 Imports by Authorised Economic Operators (AEO T1 and AEO T2) (excluding importers mentioned at Sl. No. 3) (a) 0% (in terms of SI. No. 5 (b), 6(a) and 6(b) (2) (b) 50% (for AEO-T1) or 25% (for AEO-T2) of the applicable bank guarantee or cash deposit specified at SI. No. 4, 6(b)(1). .....

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..... erential duty as a security if provisional assessment is requested by the importer when inquiry is initiated in terms of Rule 5 or when verification is initiated in terms of rule 6(1)(a) or 6(1)(b) of CAROTAR, 2020 . 4. It is requested that the officers under your charge be directed to follow revised guidelines vide amended Circular 38/2016-Customs dated 22.08.2016 while implementing .....

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